FORT PAYNE & CENTRE APARTMENTS 2 Multifamily Properties Offered at $5,400,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Attractive unit mix of spacious 2-bedroom units.
- Completed with a full rehab, allowing an investor to take advantage of the immediate cash flow and further rental upside.
- Proven rental upside with current renovation model, already achieving rental increases close to market rate for both assets.
- Located in a prime location in proximity to major economic drivers within Fort Payne & Centre
EXECUTIVE SUMMARY
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $5,400,000 |
| Price / SF | $47.10 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 114,642 SF |
| Total Land Area | 5.85 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Payne Apartments
200 45th St NE, Fort Payne, AL 35967 |
Multifamily | 51,971 SF | 1978 | - |
| 4005 County Road 34, Centre, AL 35960 | Multifamily | 62,671 SF | 2010 | - |
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Research In Progress - Research In Progress
